SOLUTION: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nea

SOLUTION: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nea

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Question 316944: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nearest whole number.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
1,000e^(rt)
1,000*2.7182^.021*7
1,000*1.158=$1,158 ans.
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